China's Shanghai Composite index rise 0.59%
Asian stocks ended mostly higher on Monday as hopes of Fed rate cuts as well as easing tensions in the Middle East helped boost investors' appetite for riskier assets.
With a July 9 deadline looming, traders also assessed the likely impact of U.S. President Donald Trump's trade war on the world's largest economy.
The U.S. dollar stayed under pressure in Asian trade and gold edged up toward $3,300 per ounce while oil prices dipped as investors braced for more OPEC+ supply.
China's Shanghai Composite index rose 0.59 percent to 3,444.43 on renewed hopes for a U.S.-China trade deal.
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Business Standard
7 minutes ago
- Business Standard
India to seal interim trade deal with US this week as tariff deadline nears
India is on track to finalise an interim trade deal with the United States as soon as this week to avoid US President Donald Trump's reciprocal tariffs, the Financial Times reported. The interim deal with the US would be among the first with a major US trading partner, and would mark an initial step towards a comprehensive bilateral deal between the US and India. The two countries have signalled their intent to finalise the first tranche of the full agreement by autumn. This comes at a time when the deadline for the Trump tariff nears its end. The 90-day pause was announced on April 9, days after Trump announced sweeping tariffs on more than 100 countries, including India. The US imposed a 26 per cent tariff rate on Indian made goods, as compared to its 52 per cent tariff rate on US-made goods. On Monday (local time), White House Press Secretary Karoline Leavitt confirmed that a deal between India and the US is to be finalised soon. Reiterating Trump's stance, Leavitt said, 'You'll hear from the President and his team, his trade team, very soon, when it comes to India.' Earlier on June 26, Trump confirmed a 'very big deal' with India coming soon. This was after he signed a trade deal with China. Speaking at an event, Trump said, 'Everybody wants to make a deal and have a part of it. Remember a few months ago, the press was saying, 'You really have anybody of any interest? Well, we just signed with China yesterday. We are having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India, in the China deal, we are starting to open up China.' According to the Financial Times report, the deal is expected to spare its agricultural markets, including dairy and wheat, from the US tariffs. Citing an Indian government official, the report stated that there is 'a lot of sensitivity' over its agricultural markets. To bring down its trade surplus with the US, India agreed to import more natural gas from the US. The trade surplus for the financial year 2024-2025 stood at $41.2 billion. The two sides have also agreed to reduce tariffs on thousands of items. The report also stated that India has managed to shield its dairy sector from foreign competition, including talks with the European Union. India's dairy sector employs over 80 million people. Concerns have been flagged over foreign dairy products, which may come from cows that were raised on feed containing cattle products.
Mint
16 minutes ago
- Mint
Gold prices today in your city: Check prices in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata on July 1
Gold, silver prices in your city, July 1: Gold prices have risen amid a weaker US Dollar and uncertainty ahead of Donald Trump's tariffs policy. Experts feel that gold and silver are safe haven bets that investors can make to safeguard their portfolios in these volatile markets and with increased risk aversion. Over the past 20 years, gold prices have skyrocketed by an impressive 1,200 per cent from ₹ 7,638 in 2005 to over ₹ 1,00,000 in 2025 (till June), and delivered positive returns in 16 of these years. Year-to-date (YTD), gold prices have risen 31 per cent, with consistent record highs solidifying its position among 2025's top-performing asset classes and a reliable hedge. Further, silver has also proved resilient. Prices have held above the ₹ 1 lakh/kg mark for the past three week. Over the past 20 years (2005-2025), the metal has gained a solid 668.84 per cent. The MCX gold index was at ₹ 97,334/10 gm at 11 am on July 1, the official website showed. Meanwhile, MCX silver prices were at ₹ 1,05,304/kg, it showed. Further, 24-carat gold was priced at ₹ 97,580/10 gm, according to data on the Indian Bullion Association (IBA) at 11 am on July 1. Further, 22-carat gold was priced at ₹ 90,934/10 gms. Silver prices today are at ₹ 1,05,870/kg (Silver 999 Fine), as per the IBA website. So, check here gold and silver prices in your city today on July 1 — Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. Notably, for retail customers, jewellers may add making charges, taxes and GST to the bill, which could hike the final price for you. • Gold bullion rates in Mumbai— ₹ 99,130/10 gm. • MCX Gold ratein Mumbai — ₹ 99,310/10 gm. • Silver bullion rate in Mumbai— ₹ 1,06,580/kg. • MCX Silver 999 rate in Mumbai — ₹ 1,06,275/kg. • Gold bullion rates in New Delhi— ₹ 98,960/10 gm. • MCX Gold rate in New Delhi — ₹ 99,310/10 gm. • Silver bullion rate in New Delhi— ₹ 1,06,400/kg. • MCX Silver 999 rate in New Delhi — ₹ 1,06,275/kg. • Gold bullion rates in Kolkata— ₹ 99,000/10 gm. • MCX Gold rate in Kolkata — ₹ 99,310/10 gm. • Silver bullion rate in Kolkata— ₹ 1,06,440/kg. • MCX Silver 999 rate in Kolkata — ₹ 1,06,275/kg. • Gold bullion rates in Bengaluru— ₹ 99,210/10 gm. • MCX Gold rate in Bengaluru — ₹ 99,310/10 gm. • Silver bullion rate in Bengaluru— ₹ 1,06,670/kg. • MCX Silver 999 rate in Bengaluru — ₹ 1,06,275/kg. • Gold bullion rates in Hyderabad— ₹ 99,290/10 gm. • MCX Gold rate in Hyderabad — ₹ 99,310/10 gm. • Silver bullion rate in Hyderabad— ₹ 1,06,750/kg. • MCX Silver 999 rate in Hyderabad — ₹ 1,06,275/kg. • Gold bullion rates in Chennai— ₹ 99,420/10 gm. • MCX Gold rate in Chennai — ₹ 99,310/10 gm. • Silver bullion rate in Chennai— ₹ 1,06,890/kg. • MCX Silver 999 rate in Chennai — ₹ 1,06,275/kg. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
18 minutes ago
- Time of India
Gold Rate Today: Yellow metal rises to Rs 96,790/10 gms on weaker dollar, tariff uncertainty ahead of July 9 deadline
Gold prices surged on Tuesday, supported by a weaker dollar and heightened uncertainty over U.S. President Donald Trump's tariff policies ahead of the July 9 deadline, driving investors toward safe-haven assets . At 10:13 am, August gold futures on the Multi Commodity Exchange (MCX) were trading at Rs 96,788 per 10 grams, up Rs 713 from the previous close. Meanwhile, August silver futures rose by Rs 459 or 0.43% to Rs 1,06,696 per kg. In the global market, Spot gold was up 0.4% at $3,315.26 per ounce, as of 0229 GMT, while U.S. gold futures rose 0.6% to $3,326.50. The U.S. dollar index fell 0.1% to a more than three-year low, making bullion more affordable for holders of other currencies. Trump expressed frustration with U.S.-Japan trade negotiations on Monday as U.S. Treasury Secretary Scott Bessent warned that countries could be notified of sharply higher tariffs, as a July 9 deadline approaches despite good-faith negotiations. Meanwhile, Trump continued to press the Federal Reserve on Monday to ease monetary policy, sending Fed Chair Jerome Powell a list of global central bank interest rates, annotated with handwritten comments saying U.S. rates should be between Japan's 0.5% and Denmark's 1.75%. "Gold rebounded from five-week lows due to short covering and bargain hunting, while a weaker dollar—hitting a 43-month low—which favoured bullish sentiment in gold. The dollar index declined following weak U.S. GDP data and a stronger Euro, as concerns over U.S. tariffs and inflation continue to weigh," said Rahul Kalantri, VP Commodities, Mehta Equities. Investors are closely monitoring a series of U.S. labour market reports in this holiday-shortened trading week, culminating in Thursday's government payrolls data, for insights into the Fed's monetary policy direction. The market is currently anticipating a 67-basis-point rate cut beginning in September. Spot silver fell 0.8% to $35.80 per ounce, platinum was down 0.7% to $1,343.61, while palladium gained 0.9% to $1,107.25. "Gold has support at $3285-3265 while resistance at $3335-3355. Silver has support at $35.74-35.55 while resistance is at $36.25-36.50. In INR gold has support at Rs 95,810-95,580 while resistance at Rs 96,480-96,750. Silver has support at Rs 1,04,780-1,04,150 while resistance at Rs 1,06.250-1,06,900," Kalantri said. Gold rates in physical markets Gold Price today in Delhi Standard gold (22 carat) prices in Delhi stand at Rs 58,304/8 grams while pure gold (24 carat) prices stand at Rs 62,232/8 grams. Gold Price today in Mumbai Standard gold (22 carat) prices in Mumbai stand at Rs 56,680/8 grams while pure gold (24 carat) prices stand at Rs 60,376/8 grams. Gold Price today in Chennai Standard gold (22 carat) prices in Chennai stand at Rs 56,704/8 grams while pure gold (24 carat) prices stand at Rs 60,464/8 grams. Gold Price today in Hyderabad Standard gold (22 carat) prices in Hyderabad stand at Rs 56,800/8 grams while pure gold (24 carat) prices stand at Rs 60,592/8 grams. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
